Pembroke Management LTD Acquires 136,710 Shares of Stevanato Group S.p.A. $STVN

Pembroke Management LTD raised its holdings in Stevanato Group S.p.A. (NYSE:STVN) by 11.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,283,216 shares of the company’s stock after buying an additional 136,710 shares during the quarter. Stevanato Group accounts for about 3.3% of Pembroke Management LTD’s investment portfolio, making the stock its 11th largest position. Pembroke Management LTD’s holdings in Stevanato Group were worth $33,043,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Stevanato Group by 10.8% in the first quarter. Royal Bank of Canada now owns 437,284 shares of the company’s stock valued at $8,930,000 after acquiring an additional 42,731 shares during the period. Cooper Investors PTY Ltd. boosted its holdings in Stevanato Group by 22.0% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 167,830 shares of the company’s stock valued at $4,100,000 after purchasing an additional 30,225 shares during the period. Diversified Trust Co acquired a new stake in Stevanato Group in the 2nd quarter worth $352,000. Truist Financial Corp increased its holdings in shares of Stevanato Group by 9.5% during the 2nd quarter. Truist Financial Corp now owns 32,029 shares of the company’s stock worth $782,000 after purchasing an additional 2,781 shares during the period. Finally, Hilltop National Bank bought a new position in shares of Stevanato Group during the 2nd quarter worth about $158,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stevanato Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Stevanato Group Price Performance

NYSE:STVN opened at €19.69 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.30 and a current ratio of 1.89. The company has a 50-day moving average of €21.58 and a 200-day moving average of €23.69. Stevanato Group S.p.A. has a 52 week low of €17.81 and a 52 week high of €28.00. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 1.73 and a beta of 0.58.

About Stevanato Group

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.